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-style enhancements for those not rich. >> but the bottom line is that when you have a slow economy like we had in the 70s, the rich very often get richer but the poor get poorer. that didn't happen during the reagan era, did it? >> no, it didn't. look, it's not just the obama administration's fault. it's the bush administration's fault. the cheap dollar policy creates financial bubbles. who can take advantage of financial bubble? the rich. the poor always have to sell out at the bottom. number one. number two, the regulatory creep that occurred under bush and has accelerated under obama has made it very difficult to expand in areas where you typically find high wage blue collar jobs, in transportation, energy extraction and so on. i hope rick will be pleased to hear that i'm not blaming this entirely on president obama. >> well, on the other hand, mike, president obama's solution to all this and they're saying it in europe, the imf is saying it, is to have this global wealth tax, to tax the rich more, to bring the rich down, that will help income disparity. what do you think of that plan? >> a
for the goods in china and other nations. the cap the world's economy humming. it may not work that way anymore . a rebounding u.s. is giving less support for you -- for global growth than it has in the past. the smallest u.s. current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more information by logging on to freep.com. next is robert from massachusetts. decline andre in the reason is because we, as a viewed -- when the world our opinion not to go to war, we would not go with our allies. we are ia country that has of thed because one world sees our moral fabric has declined, that is a decline any way. when bush stole the election world looked the --it is not a has way we go about the world.
:30 eastern time. a dow jones survey finds that the economy probably added 180,000 jobs last month. the unemployment rate is seen slipping 7.2%. we'll talk more about market expectations in just a few minutes, but we begin this morning with our top story. nelson mandela spent 27 years in prison, led his country to democracy and became its first black president. he died at home yesterday at the age of 95. chris takes a look at mandela's life and legacy. >> history books will remember nelson mandela as one of the world' most prominent crusaders for black rights, the son of an african tribal chief, nelson mandela gave up a comfortable life and his hereditary lights to be a tribal leader to become a political activist in the fight against apartheid. the system of white rule over the majority black population. >> to feel that it is for us to continue talking nonviolence and peace. >> he was jailed for organizing demonstrations as well as treason and sabotage. he spent 27 years behind bars, but his jailing fueled the fires of freedom. his plight became an international symbol of oppressi
in the economy. the fed has been fighting that trying to keep rates down to ensure the economy is really getting going, not just one time only, but steady in creating a lot of jobs. now if today's data is a sign that things are on track in this country, i don't know what it is. i just don't know what is good data. after i saw this data. so you have to figure the fed stops fighting the tide unless rates rise and this will present more competition for stocks and it can reverse the terrific data we got today and that's what janet yellen has to be worried about. the successor to bernanke. maybe the data is aberrant. we haven't seen a surge in consumer spending. we really haven't seen a strong employment growth, and while we keep talking about a budget compromise today, forget it, it's not a surety. it may not do anything other than resolve the ridiculous sequester that's so twisted government spending. frankly, i tried to dispense with this as quick as i can. why? anyone can trace it. so let me tell you what you don't know. you have heard about this tapering game for so long. i know you don't care t
. they've got a good monetary policy, lower corporate tax rates than we have. their economy is growing better. but when it comes to health care, they come across the border. >> well, the wealthy and those that can afford to come across the border do. but those that can't get access to health care in america are stuck in emergency rooms with high temperatures waiting to get their children taken care of. i concede this is a mess. we may have tried too much too fast and on a partisan basis. i've said we should hit the reset button and open ourselves up to new ideas. and larry kudlow always has new ideas, even if they're conservative. >> i appreciate that and appreciate your honesty. republicans are licking their chops about the elections coming up in 2014, roughly a year from now. we're going to talk more about that later in the show. what i want to ask you is, what can you do for a simple, transparent, compassionate response to the breakdown of obama care? i have an answer. but i want you to go first. >> well, with any health reform proposal, we have to look first at the root cause of th
. they are expected to rise slightly to 318,000. in the meantime, a revision to gdp is seen showing the economy grew if a pate of 3.2%. both of those reports will be out at 8:30 eastern time. at 10:00, look for october factory orders. in europe we'll get an interest rate decision from the bank of england at about 7:00 eastern time and one from the ecb at about 7:45. the european central bank is widely expected to leave interest rates unchanged at its final policy meeting of the year. last month, though, policymakers surprised the markets with a cut in the interest rate to a record low of 0.25%. we'll check in with ross westgate in just a few minutes. >>> the dow and the s&p are now on a four-day losing streak. this morning, futures are around the flat line. down by about 2.5 points for the dow, down by 0.5 for the s&p and the nasdaq is up by 4 points. november same-store sales will be coming in throughout the morning. cosco's comps rose by 2% during the month. that was short of what the street had been expecting. you had lower gasoline prices and weak foreign currencies. both of those ended up hurti
the economy is going to do this year and next ahead of the election. >> yeah. i think the likelihood is that the economy will continue to grow at a 2% to 2.5% late next year. that's decent, but it's not stellar. given all they have said about reducing the deficit over the next few years, it leaves room for cutting taxes. i think what the uk needs is a rebalancing towards investment and exports. the government realizes this and i think as a consequence it's unlikely to do things to throw additional fuel on the fire of consumption. >> do you think the government is doing enough? are you expecting any measures, say, on planning tomorrow from the troika? would that have helped? we had construction pmis this week very strong, rising like a phoenix out of the ashes. but many suppliers saying the supply side of that market is still very, very underperforming. >> yeah. i mean, when it comes to the supply side of the uk housing market, it really is down to things like change, having a look at the green belt legislation, trying to, you know, incentivize local authorities to watch the yen gauge
in economy. jobless claims below 300,000, what is this, new strength in america? >> we're going to have to go, the fed said over and over again we're going to need to see three or four months of good economic figures. let me make it as simple as possible. the battle, the war next year, the wages fought on this floor and wall street is between two calms. those that think that qe is responsible for the rise in equity prices and those that think the economy is improving and justifies the rise in equity prices. they're going to battle it out in 2014 and the fed is stuck in the middle. we've got an exciting year ahead of us. stuart: in five seconds, whose side are you on? >> i'm on the side, the qe way outpaced the economy. main street has been left out. stuart: thank you very much, scott shellady. check the big board, here we go, off and running and strong news on the economy and the market has opened lower, pointing to a loss of 30, maybe 40 points when we're fully off and running. now, this, it's the world's largest mobile market. china, 700 million potential subscribers and now apple inked a d
close friday, they ended what was a pretty big week for the u.s. economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up looking for work and weren't counted, but the opposite seems to be happening. it's added more jobs since 2005 and the gains are not in low-wage sectors. a lot of hiring in health care, transportation, professional services like accountants and travel agents. wages are also up and americans are working more hours. the list goes on. the report pushed the dow up nearly 200 points friday. wall street is thinking the federal reserve will reduce the stimulus program soon. certainly a sign the economy is ready to stand on its own two feet. but remem
with confidence. i like this, it's good for the economy, but it's not enough to say we're on the verge of a consumer breakout here. >> all right. but we're going in the right direction. >> exactly. >> watch mort again rates. something we're going to watch carefully. >> absolutely. thanks, steve. >>> the stock bond kumbaya comes amid the question what will a drop in fed stimulus mean for stocks. is the economy strong enough to support the market without fed help? jpmorgan's chief strategist tom lee weighed in on that on "squawk box." >> i think a few weeks ago investors would have been pretty concerned about the idea of taper because i don't think the data gave them economy was at a skate philosophy. friday's job report and some of the ones we've had recently investors are getting comfortable if it does happen in december. >> and mr. lee also said he is bullish on financials and large cap tech stocks. >> that brings us to seema moody. she is reporting on stocks that didn't fare so well in 2013. the big question here is, are they poised to take off in 2014 from dogs to stars? naming some
around the world. the u.s. economy grew faster in the thor quarter than first figures showed. up from the initial estimate of 2.8%. the biggest increase in inventory since 1998 is the reason. two low-fare carriers will benefit from the merger that is creating the new american airlines. southwest air and virgin america will gain flight slots at laguardia airport. settlement of a the justice department suit blocking their merger. night a record breaking for norman rockwell's painting. it sold for $46 million. it was the most ever for a painting. it was voted a reader favorite. i am not sure when it was voted a reader favorite. let's start with a blackstone to joe brought up. -- joe marotta. -- barata. we welcome joe for his first television interview. >> thank you for having me. seems sensible to talk about private equities, since that is what you do. why isn't it busier? fordoes it seem so hard people in your business to find things to buy? >> that is the perception i think. we are in a more normal private equity environment right now. i don't think it is slow, i wish it was busier. i
. the wto says the bali deal could add one trillion dollars. the global economy. it is so great people you need is a milestone for the wto. it marks the organization's first global trade deal since its creation in nineteen ninety five for the first time in our history the wto has truly the limit the deal will lower trade barriers and speed up the passage of goods through customs. most importantly its terms apply not just to reach industrialized states and also the poor developing countries. analysts estimate it could boost the global economy by hundreds of billions of dollars. we have achieved something very significant. people all roam the world will benefit from the beckett who have delivered here today. but some critics say the agreement could prevent or countries from setting their own priority areas like environmental protection workers rights and food security. negotiations dragged into an extra day after last minute legal threats from individual countries. he objected to the removal of a reference to the us trade embargo and india objected to provisions that might stop it from stock
'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
in one of the southeast asia's largest economies. demonstrators are looking to topple the government and the current prime minister after accusations of corruption and abuse of power. the u.n. has closed its offices in bangkok warning foreign travellers to stay out of the streets. >> afghanistan president karzai is accusing the u.s. of holding back fuel and other supplies. he said they are holding back supplies in an attempt to pressure for him to sign the agreement. >> from the "los angeles times" officials say speed may have been a factor in the crash that killed actor paul walker and his friend over the weekend. according to police the "fast and furious" star left a charity event. witnesses at the event said they heard a loud boom and saw smoke. walker was in the middle of gaming "fast and furious 7." walker leaves behind a 15-year-old daughter. he was 40 years old. >> really. isn't that bizarre? came from a charity event and he gets in one of the cars and the guy drives off with him -- >> he was the passenger in the car. >> passenger in the car and runs into a pole and blows up.
? >> it may be overdone. the fundamentals in the economy justify the equity and well. it is hard to correlate with the sluggish growth we continue to see. outside of that the asset purchases by the fed and aggressive monetary policy we have seen serves the purpose of inflating risk premiums and essentially causing them to tighten places they wouldn't otherwise be. i don't think that is just an equity or fixed income issue. all sectors will be affected if that begins to unwind. connell: one of the big stories no doubt it's going to be one type of federal reserve will generate yellen oversee and willie federal reserve as to this risk or take away from it. what is your view? >> from a market perspective it is all about expectations, and the expectations are already in the price of fed is going to taper. we think the fed essentially already tapered this summer, so if you look back to announcements when the fed announced aggressive asset purchases, interest rates began to rise after that announcement. we would not be surprised to see riverreverse happen as the fed announces tapering of quantitativ
, that economy is contracting and better pmis out of the u.k. the u.k. economy firing on all front at the moment. back to you. >> ross, thank you very much. again, ross westgate, we'll check in with you tomorrow. >>> retail, another holiday kickoff, it's come and gone. how did the retailers do. joining us is dana telsey. the reports that i've seen suggest this wasn't really a build. sales were actually down over the weekend. it makes you wonder if opening earlier on thursday is worth it for all of the big retail companies? >> it definitely seemed as if sales on thursday pulled from friday. even a little bit from over the weeken weekend. overall when speaking to retailers, low single digits is where the game was. >> so what does this mean? was this a mistake for them to open early like this? was this simply an issue that the retailers started talking about the holiday sales as early as november 1st i think in walmart's case? what happened here? >> i think that you basically had the promotions and all the advertising for it starting way before this thursday or friday of thanksgiving and black frid
years. what does that tell you about the state of the economy? >> well, that's not very good news, stuart, but really, really is important here is not 1 percentage this week or last week, what really happens is economic policies. we could get this economy growing enormously if we put in good policies. a low rate flat tax, spending restraint. you know the drill. it's all there. and that, this is all a consequence of very bad economic policies by this administration and congress, especially the senate and they've put through a lot of tax increases this year and you're seeing the consequences of it. look at what obamacare has been doing, it's liighths catastrophe and why would you expect something really good to be coming out of this mess? i wouldn't. >> i think we've had this conversation before. >> yeah, we have. >> unfortunately. are we going to have it again in a couple of minutes? because i question whether you're going to get any change in economic policy in the next three years, i don't think you are, but i'll come back to you on that one in a second, okay? >> it's a deal. st
among 65 countries and districts that make up the lion's share of the global economy. american teens are down four spots in science coming in at 24. and they slipped another -- >> this is unbelievable. >> ten spots -- >> look at that. >> to 21st when it comes to reading. several chinese cities as well as japan and singapore saw their students improve significantly. >> willie geist, your mom has been involved in educational reform. we were talking about mike bloomberg who dedicated four years to it. the gates spent billions and billions of dollars and the only thing -- not the only thing but one of the main things they learned reducing class sides. they spent billions of dollars on that. that doesn't work. man, the past four years when it seems everybody's focus has turned to education reform in a big way, just been disastrous, not disastrous but terrible. our state of the union are getting worse and worse. >> this is a trajectory we've seen for more than a decade. it goes back. maybe you say we'll give the reforms of the last few years to settle in. reaction to this study was amazing
our economy is a prosperous we need to help each other out. this is a wonderful city we exhibited that last month with the bad kid in our city and even on a more daily basis. i want to remind everybody about the typhoon is still with us with a filipino-american community we're asking ourselves owe everyone else to continue to be the global city and give all you can too >> thank you. next speaker, please. >> help folks that devastation will last year's. thank you, everybody and happy holidays and thaegz and keep sharing with your hearts >> thank you, mr. mayor. we appreciated our being here you're so loyal to the salvation army now i know why. some fast food facts pr 4 thousand meals are served to the search and seizures and soot shut in 3 hundred deliver routes and 45 hundred pound of turkey. are put together for the dinner 8 hundred pounds the green beans and 1 thousand 80 pound of miami. none of the preparations none of them disrupted the meals that everyday we've received for our participants and our homeless outreach in the neighborhoods. we still are backing cinnamon r
it actually reflects producers' confidence in the economy and that demand is getting better p zmo erbette. >> and that demand will follow. david, what does this say about the economies and the taper, if that happens, over the past week or so? obviously it's been a great year, but the past five days have been not so great. what's the market telling you? >> well, this is really consistent with the consolidation and small pullbacks we've seen over the last few months. really we think this will be short-lived and we look forward to a year-end rally and another strong year in 2014. >> so what do you think the market is reacting to? just the fact that prices had run up so far and people want to get some money off the table and take some profits? is it, as joe was saying off camera, a taper tantrum or what. >> i think to call it a tantrum is a little strong. you're seeing markets just a couple percentage points off their highs. so this is more has to do with the market digesting the recent gains and also expecting some tapering in 2014. but we don't think it's going to be severe, and we think th
takeaway now from the data that we're getting? >> i think the economy was strong in the third quarter and some of the weakness that we're going to get in the overall gdp number in the fourth quarter i think is exaggerated by inventory turn around. jobs are doing okay, we came back from a little swoon we had in july/august and it looks like businesses in the private sector were able to find their way through or even see through the government shutdown and hired and seem to be doing okay with the big exception to the data capital investment, simon. >> i know that's a big thing for next year. tom, the dow and s&p have each recorded eight consecutive weeks of gains. is it any wonder that we're correcting? >> i think what the market has to grapple can is what's your next catalyst to move higher? we have a modestly better economic profile built in for 2014 but it's still a better profile. while it may seem like a rather small advance from this year, the the bottom line is the incremental growth could be seen as a catalyst into the equity market in 2014. >> what do you think, rob, will work
your moving expenses to work at mcdonald's because that's what that local economy warrants. that's where you got to go. >> it's interesting, you go to places and that's really a beautiful thing. you talk about north dakota, what they're doing is incredible when you think of it. i love to see what's happening out there. they're doing an amazing job. we should be doing it in new york and other places because we're not. that, i can tell you. >> this administration has been pushing fairness and we got to get the living wage up higher. ultimately focusing on the minimum wage, we should be focusing on getting people good-paying jobs. >> we should be focused on getting our economy we should be focused on being competitive again as a nation and if you get minimum wage, that will be higher. that's really what will get it up. >> is it back? we heard some encouraging numbers on friday. we're growing at over 3% and now unemployment is at a low of 7%. do you feel it's back? >> no, it's not back. those numbers are totally false. there was a big column in a newspaper that those numbers are fud
economy and while it seems good, it does a disservice to those who need a help. >> and they said it wasn't part of the necessity of a budget agreement. >> negotiations are moving in the right direction. they haven't closed the deal. but i hope as part of it, the negotiators will take to heart what the president had to say. >> the budget conferree was optimistic. >> the key is not to raise taxes at a time when the economy is still week and i think we can accomplish that over the next couple of days. >> there was an agreement on a defense authorization bill which extends combat bay and a compromise of sexual assault prosecutions and a transfer of some gitmo detainees and a deal of chemical weapons. >> on the defense, the house would go first and then the senate could finish up. a deal could be announced as soon as tomorrow to allow time for votes so the threat of a government shutdown doesn't loom over christmas. >> thank you. >>> lying to a senate could be severeus. the truth about lying to the nsa. >> not even the intelligence chief james lapper should get a pass for misleading congress.
a sixth of our entire national economy. >> awe con -- au contraire. you quote valerie jarrett. >> you have a president, and all presidents have a sense of their vulnerabilities but they need to surround thhmselves with people who recognize their shortcomings. the president in a sense is very detached. he's not great at the hands-on at management. he's essentially admitted that. but people like valerie jarrett around him don't challenge that. they reenforce this notion that he's so brilliant that he's bored with these meetingsant doesn't need to participate. >> she says the problem is president obama knows how smart he is and he's been bored to death his whole life. he's too talented to do what ordinary people do. he would never be satisfied with what ordinary people do. >> because he is up there and we are down here. >> that sound like me. >> it does. >> exactly like me. >> you're not president. it's coming. >> here's the big picture, the one thing i look at right now is the president of the united states either has to back up this plan, get behind the plan, or actually distance himself ab
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deserve it off. melissa: out you balance this economy? >> a closed mouth does not get fed. melissa: how do you balance this? any this promotion, this raised why will be looking elsewhere. how do you balance giving them a fair warning because you want to give them the opportunity to give you what you need to advance verses making demands where they're like me know what, i have somebody else. i'm sorry. they call your bluff. a lot of people in that situation. >> it is a tough situation, and you have to add value. you want to make yourself in valuable to the boss. >> i need this by the state. >> i don't think you say i needed by the state. you make it known and lay the groundwork this is what i am willing to do, whatever needs to be done. >> it is a matter of last resort get to the process of proving that you are worthwhile to the boss home throughout the month. again and again you are ignored and passed over, then you put the ultimatum in. >> and you have to be ready to walk. >> you have to be ready. melissa: we will have to do this again. up next, the first installment of testee the halls.
actually we had some decent news on the economy. but this time of year things fluctuate a bit. right now the futures are fluctuating as well. could be a slightly lower opening but we will get a better read. market opens up. bell rings in an hour and ten minutes. >>> honda offering significant deals. dealers will get a $3,000 bonus for any extra car or truck sale. >>> coming up. two young children diagnosissed with cancer just days apart. how strangers -- >> i break down and cry all the time because i can't believe the generosity. >> how stringers and friends in pacifica are coming together to help. >>> and making it harder to buy tobacco. the surprising change one local city is considering. [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, everyone loves pillsbury grands! [ girl ] make dinner pop! [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ pillsbury cookie dough. make the holidays pop! and why can you move the tv out here? the wi
's not the driver of the economy in the future. and so that proposal as can you see in the southern part of the southern part of the map was changing the zoning to zoning conditions that allow housing and allow office jobs or other kinds of commercial uses. the build form in soma is not like downtown. buildings are less tall and have more girth, if you will. and so that is kind of what we're trying to replicate in the neighborhood. you can see the height nodes from the map and mostly along the transit stations, but otherwise, we're expecting the support of bigger buildings and is that possible because of the large parcels that reflect its historical industrial nature. finally let's speak to what the build-out could be? so there is already a lot of uses on the ground today. we have a 700 houses unitss and 50,000 jobs in the neighborhood. and just to talk about jobs for a second, the real impetus of this plan is to support job growth. we have done a lot of planning in the planning department for the last ten years for housing. the housing market is in demand all over san francisco. there
for the last three years and we have the highest investment rate of any economy in latin america that allowed us to become the country who created more jobs and more formal employment in all latin america in the last years. we are attracting more investment. the free trade agreement is a fundamental aspect of this new policy and this proactive policy. we are seeing new companies and technology and biotechnology. we are the richest country in biodiversity on the whole planet. there is a lot of interest from the new investments and we have connected the country with fiber optic and broadband and we need to see how we use it. today we are signing with microsoft and facebook and doing aboutile are very interested. there a lot of opportunities from that side of the investment sneftd traditional oil and minerals and all that sort. >> the tax sector in columbia. >> terrorism is a global problem as opposed to a regional problem. what specifically can columbia do working in conjunction with the united states to condition combatting global terror? >> we have learn and paid a very high cost in our war a
is there for your personal economy, helping you readjust your retirement plan along the way, rethink how you're invested, and refocus as your career moves forward. wherever you are today, a fidelity i.r.a. has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. medicare open enrollment. of year again. time to compare plans and costs. you don't have to make changes. buit never hurts to see if u can find bettoverage, save money, or both. and check out the preventive benefits you get after the health care la open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare what do you see here? angels? you know, someing like that. reality check, not all 4g lte coverage maps look alike. i see footprints in the snow. where?! it looks like a holly leaf... a gingerbreaman? (nick) whau see here the ed states-- clear cut! check the map. verizon's superfast 4g lte is the most rele, and in me places than any other 4g network. verizon is definitely winnin that powerfu
, for yourself or families or friends, if you care about the economy, because what we do is a wonderful support of the economy with a remarkable return on investments in the grants going out we get a two fold return in the first year. this case is so strong that i think ultimately it has to win. i would say to the young scie e scientist, hang in there, we mean get through this. >> nih has the world's largest hospital and more than 23,000 unique patients in 2013. i want to follow up on sam's point. you said the neuro science is the last frontier of medical research. how so? >> the human brain is the most complicated structure in the known universe. there are 86 billion neurons and each has a thousand connections. and the ability to be able to make sense out of that has seemed out of reach for most of the time that we have been studying neuro science is biology. and the president announced the human brain initiative and work to figure out how the circuits in the brain work. that is an amazing frontier to think about. we can measure what happens with individual neurons and we can take images of t
. >>> 7:45. happening today at the white house, president obama will talk about the economy this morning. he will focus on the income gap between the rich and the poor. he will say that income in equality and shrinking economic mobility are a fundamental threat to the american dream. he will also call for increasing the minimum wage. he's due to speak at 8:15 this morning. ktvu will provide coverage of his remarks right here on "mornings on 2." >>> about 1.3 million unemployed americans could lose federal jobless benefits starting january 1st. emergency jobless benefits for long-term unemployed people are due to expire at the end of the year unless congress appears to extend it. that doesn't seem likely right now, especially since many republicans are against it. the federal unemployment insurance kicks in for laid-off workers who use up the standard six months of state-funded compensation. >>> 7:46. it looks like human error could be to blame for last sunday's deadly train derailment in new york. a rail workers' union says the engineer, william rockefeller, admitted to losing focus and
president obama will talk about the economy at 8:15 this morning. he will be focusing on the income gap between the rich and the poor. he will be saying income and equality are a fundamental threat to the american dream. the president will also call for raising the minimum wage. president obama is due to speak at 8:15 this morning. ktvu will provide coverage of his remarks coming up on mornings on 2. >>> also this morning california republicans are defending a website one that criticizes the new health care law. the democrats say taxpayer money should not have been used to create that website. democrats are also saying the website created by republicans and the state assembly looks too much like the real website for the state's health care exchanges. and could prevent some users from signing up. the republican website has links to media coverage detailing problems with rollout of the health care law. >>> fighting to stay open. the new challenge san francisco city college faces. >>> also a relative of president obama has his day until court. a judge decides if he must be deported or if h
intersection. >>> one sign we are seeing of an improving economy is the holiday partying. here's an example of that. the general manager says she's seen more reservations for holiday parties than in previous year. so far that restaurant has booked 25 parties and six more are waiting to be confirmed. >>> we have parties from 10 people to 100 people. >>> she says those parties can account for 10% of the year's revenue and this year she says is looking pretty good. >>> it's the ultimate gift for a coffee lover. an extremely limited rose gold colored metal gift card. it's $450. only 4,000 were available and they sold out in second. some are going for more than $1,500 on ebay. some customers are not happy about the sale. luxury own line posted and then pulled the card immediately. >>> an unusual art theft in sacramento and it was met with an unusual punishment. a print of a nude woman on a cigar has hung for many years. there have been attempts to steal it but someone finally made off with it. but police used cameras to identify the thief. he managed to bargain his way out of being prosecuted.
the problems of a tough economy here at home is one reason why americans are fed up with the lack of real progress about solving our domestic challenges? is that why people are turning away from supporting major foreign policy move right now? simple i think that's part of it. i think the bigger thing is the disappointment and the deception on the part of this president as well as the administration and the democrat leaders, quite frankly, in washington, d.c. and particularly in one of the studies that was a harvard institute of politics study, also, that showed that even millenials have done a 180-degree flip-flop. a majority of millenials voted for president obama and now a majority of millenials do not like obama care and what's also scary is that they believe he should be removed from office. i have to explain to a 23-year-old young man yesterday on my radio show, it's not as easy as it seems because of democrat-control of the senate. i think a lot of the desipgs that this administration has done on the american people is contributing to the mistrust in terms of our relationship with o
but not growing so fast relative to other parts of the economy. that pulled women in. the growth of women's presence in education and higher education, increased in the '70s and 80s and plateaued sometime in the '90s, depending on which measure you look at. and then we really saw strong pattern of women entering men's occupations, especially in middle class jobs, those women, college graduates, but not so much movement the other way. women were entering professions like law and medicine or realty or educational administration that had been previously male jobs. but men weren't going into nursing and teaching preschool and elementary school -- >> let's look at some of those numbers. that is such a shocking part of your study. one in four men actually work in fields you report that are dominated 90% by males. one in three women work in fields that have 80% of women in the workplace of the your study tells the story of a professional environment in the united states where huge, huge portions of our working public are in a one gender office. >> yes, office might not be the words for it -- >>
consolidation, four player downs there control 96% of the market that means competition. the mexican economy is coming on strong. while cheap educated labor and nafta are bringing in a host of german and japanese manufacturers. and they fly to many of the towns where the new plants are being built. management assures me there are going to be many more smaller airports covered soon. they are so cheap they can compete with the bus lines, which is the way most people get around in mexico. this stock is a buy. last but not least, let me draw your attention to a new one. navigator holdings. nvgs. you often see wilbur ross on squawk. this transports liquefied petroleum gases like propane and butane, along with petrochemical gases like ethylene and propylene. navigator just came public two weeks ago. since then the stock has rallied another 5%. production in these quitified petroleum gases is rising rapidly in the united states, as you know, because we talk about it all the time and there is a big demand in east asia and europe. right now 23 handy-sized ships, with another eight ships on order ther
industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> the district attorney in rochester, new york, followed the advice she was given on this program last night by a former upstate new york federal prosecutor. >> now to a developing story here in the city of rochester. unfair and out of line, that's what three teenerize calling their recent arrest. >> arrested in rochester, new york, last week, while committing the crime of waiting while black. >> their families athey have never been in trouble before and they shouldn't be in trouble now. >> they are members of the edison tech high school basketball team who were waiting for their school bus to take them to a scrimmage basketball game on wednesday morning. at 8:43 a.m., they were arrested and charged with disorderly condu
and good night. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at carnegie.org. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions >> this is bbc world news america. funding of this presentation is made possible by the freeman foundation. knewman's own foundation giving charity and o pursuing the common good for over 30 years and union bank. >> this is bbc world news america reporting from washington. biden gets a warm welcome in beijing, but he doesn't get on a to back down territorial dispute. relations tonight are tense. >>> hundreds of thousands of people are running away from central african repu
of minimum wage, the issue of jobs. you know, we still have -- >> overall economy, immigration. >> exactly right. but trust me, it's just going to be all about health care, health care, health care. and that's really a shame of the and then just one other point -- >> and those people we should say who are out there in various congressional districts, obviously particularly the tough congressional districts, there's nothing they can do about it. >> there's nothing they can do about it, but another point i wanted to make is i've been critical of president obama on a number of issues. but however anybody feels about obama care, it is the law of the land and it really bothers me that the republican party really wants this thing to fail. and i just don't think it's in anyone's interests for this whole thing to collapse in a heap. that's really a shame. >> interesting over the weekend, e.j., cardinal dolan was on "meet the press" and he said catholic bishops have been huge supporters of universal health care but obviously they didn't agree with the mandates for hospitals to cover birth control.
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